The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.1 - Postal activities under universal service obligation
1,850 jobs Number of planned job losses
Announcement Date
5 March 2008
Employment effect (start)
1 April 2008
Foreseen end date
31 December 2012
Description
On 5 March 2008, Dutch financial services company ING Groep NV and postal company TNT NV will close 250 joint post-bank offices over the next five years and cut 1,850 jobs across the country. The closures involve their Postkantoren BV joint venture. Direct dismissals are not completely ruled out. ING would take a 87 million Euro provision restructuring charge as a result of the closure, while TNT said it would allocate a 70 million Euro for the implementation of the restructuring.
Over the last few years, the number of post offices was reduced from 2000 to just 250. The last post office is scheduled to close in 2012.
Sources
5 March 2008: NRC Handelsblad
Citation
Eurofound (2008), Postkantoren BV, Closure in Netherlands, factsheet number 66505, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66505.
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